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Article: Golden LEAF Signs Letter of Intent with Venture Capital Firm.
- Article from:
- PR Newswire
- Article date:
- December 12, 2002
CopyrightCOPYRIGHT 2002 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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ROCKY MOUNT, N.C. -- The Golden LEAF Foundation has signed a letter of intent with BioVista Management to invest up to $30 million in a new venture capital fund that, in turn, will invest in biotech and biopharma companies.
With lead financing from Golden LEAF, BioVista Management will create the BioVista Fund, which will invest in life science companies that provide or support jobs in North Carolina. BioVista, which is headquartered in Durham, will be one of the first later-stage biotechnology funds based in North Carolina.
The Golden LEAF investment is part of a $85.4 million economic stimulus package the Foundation announced in August, when its ...